I’m confused on what this bullboard is finding positive in this news release.

Since August they have

  • cleaned up the drill sites

What they have not done

  • made progress on a jv
  • got an agreement with the Puntland Government
  • started the seismic and may not for 6 months “expected to commence in the first half of 2013”

I do not believe they would send this news release out if they had progress to report just around the corner. Since the stock recently spiked on no news I believe it will be drifting down over the next while back to $.25 again before we see a big jump on real progress.

I bought Horn at both high and low prices and contemplating on dropping some of my position until it drifts down. What makes me nervous is that I often get it wrong when I take a few profits in a stock that I want to stay long in.

Any thoughts on what I am getting wrong here.

Cheers

Hockeymachine


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=HRN&t=list&m=31782413&l=0&pd=2&r=0#bojZEb7dA0eezoqy.99

 

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well I tend to agree and that is why I sold out at the open and so far seems like it was the right move... just now have to see where the new bottom maybe??